Expedia Group (NASDAQ:EXPE) Upgraded to Strong-Buy by StockNews.com

StockNews.com upgraded shares of Expedia Group (NASDAQ:EXPE) from a buy rating to a strong-buy rating in a research report report published on Wednesday morning.

Other research analysts have also issued research reports about the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $140.00 price target on shares of Expedia Group in a report on Friday, August 9th. Truist Financial started coverage on shares of Expedia Group in a research report on Friday, September 6th. They issued a “hold” rating and a $148.00 target price on the stock. TD Cowen cut Expedia Group from a “buy” rating to a “hold” rating and upped their price target for the stock from $130.00 to $150.00 in a research note on Wednesday, September 25th. UBS Group dropped their price objective on Expedia Group from $140.00 to $137.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Finally, BTIG Research raised their target price on Expedia Group from $150.00 to $175.00 and gave the company a “buy” rating in a report on Friday, September 27th. Nineteen research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $150.85.

Expedia Group Trading Down 0.2 %

EXPE stock opened at $150.84 on Wednesday. Expedia Group has a 12-month low of $92.48 and a 12-month high of $160.05. The business’s 50-day moving average is $139.87 and its 200 day moving average is $129.70. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.45. The stock has a market cap of $20.56 billion, a price-to-earnings ratio of 28.25, a PEG ratio of 0.60 and a beta of 1.79.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.17 by $0.34. The company had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Expedia Group had a net margin of 6.09% and a return on equity of 47.55%. Expedia Group’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.34 EPS. On average, sell-side analysts anticipate that Expedia Group will post 8.98 EPS for the current fiscal year.

Insider Activity

In related news, insider Robert J. Dzielak sold 12,602 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $131.50, for a total value of $1,657,163.00. Following the completion of the sale, the insider now owns 89,960 shares in the company, valued at $11,829,740. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of Expedia Group stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $134.60, for a total value of $729,128.20. Following the transaction, the insider now directly owns 84,543 shares in the company, valued at approximately $11,379,487.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert J. Dzielak sold 12,602 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $131.50, for a total value of $1,657,163.00. Following the sale, the insider now owns 89,960 shares of the company’s stock, valued at $11,829,740. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,019 shares of company stock valued at $5,390,191. 8.07% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Expedia Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bleakley Financial Group LLC lifted its stake in shares of Expedia Group by 5.2% in the 3rd quarter. Bleakley Financial Group LLC now owns 2,076 shares of the online travel company’s stock worth $307,000 after acquiring an additional 102 shares during the period. Walter Public Investments Inc. lifted its position in Expedia Group by 3.0% in the third quarter. Walter Public Investments Inc. now owns 91,981 shares of the online travel company’s stock valued at $13,615,000 after purchasing an additional 2,709 shares during the period. Exchange Traded Concepts LLC lifted its position in Expedia Group by 1,353.9% in the third quarter. Exchange Traded Concepts LLC now owns 1,105 shares of the online travel company’s stock valued at $164,000 after purchasing an additional 1,029 shares during the period. Burns Matteson Capital Management LLC purchased a new stake in Expedia Group in the 3rd quarter valued at approximately $385,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in Expedia Group by 26.5% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 49,237 shares of the online travel company’s stock worth $7,285,000 after purchasing an additional 10,300 shares during the period. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Company Profile

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.